ECON 103 Lecture Notes - Lecture 1: Calvin Coolidge, Middle Ages, Pumice
30 Aug 2017
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Document Summary
The difference between our wealth and bill gates is nothing compared to the difference between us and historical people. Top 0. 0001% of wealth in all people in all history. We are monumentally richer than history: from the beginning of time, human beings have lived on an average of. About 300 years ago (1800) the global average of cost of living increased. The global average currently is per day. Most developed countries (u. s. ) estimated between - per day on average: life expectancy. In middle ages in europe, life expectancy for a baby was 40. In the us now, life expectancy is 80: health. Calvin coolidge, jr. died from an infected blister from playing tennis. Middle ages 1 in 7 got smallpox. The queen of england died late, but all of her 14 children died young. Thatch roof, thresh floor, dirt walls, no plumbing, lighting, etc. Lived with farm animals and pests: technology.
